We show that specializations of the 4d =2 superconformal index labeled by an integer N is given by TrN where  is the Kontsevich-Soibelman monodromy operator for BPS states on the Coulomb branch. We provide evidence that the states enumerated by these limits of the index lead to a family of 2d chiral algebras N. This generalizes the recent results for the N=−1 case which corresponds to the Schur limit of the superconformal index. We show that this specialization of the index leads to the same integrand as that of the elliptic genus of compactification of the superconformal theory on S2×T2 where we turn on 12N units of U(1)r flux on S2.

We initiate the study of M-strings in the thermodynamic limit. In this limit the BPS partition function of M5 branes localizes on configurations with a large number of strings which leads to a reformulation of the partition function in terms of a matrix model. We solve this matrix model and obtain its spectral curve which can be interpreted as the Seiberg-Witten curve associated to the compactified M5 brane theory.

Strong compactness results for families of functions in seminormed nonnegative cones in the spirit of the Aubin-Lions-Dubinski\u{\i} lemma are proven, refining some recent results in the literature. The first theorem sharpens slightly a result of Dubinski\u{\i} (1965) for seminormed cones. The second theorem applies to piecewise constant functions in time and sharpens slightly the results of Dreher and J\"ungel (2012) and Chen and Liu (2012). An application is given, which is useful in the study of porous-medium or fast-diffusion type equations.

In this paper, we show the equivalence between two seemingly distinct 2d TQFTs: one comes from the "Coulomb branch index" of the class S theory T[Σ,G] on L(k,1)×S1, the other is the LG "equivariant Verlinde formula", or equivalently partition function of LGℂ complex Chern-Simons theory on Σ×S1. We first derive this equivalence using the M-theory geometry and show that the gauge groups appearing on the two sides are naturally G and its Langlands dual LG. When G is not simply-connected, we provide a recipe of computing the index of T[Σ,G] as summation over indices of T[Σ,G̃ ] with non-trivial background 't Hooft fluxes, where G̃ is the simply-connected group with the same Lie algebra. Then we check explicitly this relation between the Coulomb index and the equivariant Verlinde formula for G=SU(2) or SO(3). In the end, as an application of this newly found relation, we consider the more general case where G is SU(N) or PSU(N) and show that equivariant Verlinde algebra can be derived using field theory via (generalized) Argyres-Seiberg duality. We also attach a Mathematica notebook that can be used to compute the SU(3) equivariant Verlinde coefficients.

We develop a model for the evolution of wealth in a non-conservative economic environment, extending a theory developed earlier by the authors. The model considers a system of rational agents interacting in a game theoretical framework. This evolution drives the dynamic of the agents in both wealth and economic configuration variables. The cost function is chosen to represent a risk averse strategy of each agent. That is, the agent is more likely to interact with the market, the more predictable the market, and therefore the smaller its individual risk. This yields a kinetic equation for an effective single particle agent density with a Nash equilibrium serving as the local thermodynamic equilibrium. We consider a regime of scale separation where the large scale dynamics is given by a hydrodynamic closure with this local equilibrium. A class of generalized collision invariants (GCIs) is developed to overcome the difficulty of the non-conservative property in the hydrodynamic closure derivation of the large scale dynamics for the evolution of wealth distribution. The result is a system of gas dynamics-type equations for the density and average wealth of the agents on large scales. We recover the inverse Gamma distribution, which has been previously considered in the literature, as a local equilibrium for particular choices of the cost function.